Roku Inc (NASDAQ:ROKU) shares, rose in value on Friday, April 05, with the stock price down by -2.72% to the previous day’s close as strong demand from buyers drove the stock to $58.60.
Actively observing the price movement in the recent trading, the stock is buoying the session at $60.24. The value of beta (5-year monthly) is 1.65. Referring to stock’s 52-week performance, its high was $108.84, and the low was $51.62. On the whole, ROKU has fluctuated by -6.49% over the past month.
With the market capitalization of Roku Inc currently standing at about $8.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.61, which is expected to increase to -$0.21 for fiscal year -$1.97 and then to about -$1.18 by fiscal year 2025. Data indicates that the EPS growth is expected to be 60.70% in 2025, while the next year’s EPS growth is forecast to be 40.10%.
Analysts have estimated the company’s revenue for the quarter at $851.7 million, with a low estimate of $848 million and a high estimate of $867.6 million. According to the average forecast, sales growth in current quarter could jump up 20.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $3.89 billion, representing an increase of 11.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ROKU’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ROKU currently trading nearly -8.37% and -20.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.17, while the 7-day volatility ratio is showing 3.08% which for the 30-day chart, stands at 3.09%. Furthermore, Roku Inc (ROKU)’s beta value is 1.68, and its average true range (ATR) is 2.43.
A comparison of Roku Inc (ROKU) with its peers suggests the former has fared considerably weaker in the market. ROKU showed an intraday change of -2.72% in today’s session so far, and over the past year, it shrunk by -11.37%%.
Data on historical trading for Roku Inc (NASDAQ:ROKU) indicates that the trading volumes over the past 10 days have averaged 3.37 million and over the past 3 months, they’ve averaged 6.13 million. According to company’s latest data on outstanding shares, there are 126.12 million shares outstanding.
Nearly 12.69% of Roku Inc’s shares belong to company insiders and institutional investors own 73.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.06 million shares as on Mar 15, 2024, resulting in a short ratio of 1.03. According to the data, the short interest in Roku Inc (ROKU) stood at 6.32% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.43 million. The stock has fallen by -36.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ROKU stock heading into the next quarter.
